Markets Work – DOJ vs. NAR redux

avatarthumbnail.jpgI saw the following on Michael Wurzer’s FBS Blog as he analyzed the settlement between the Department of Justice and the National Association of REALTORSand had to pass it along.

Is it too much of a stretch to say this is an extension of the basic premise that “markets work”? I don’t think so.

I suspect the reason the litgation was able to be settled was because no one really cares about this issue any more.  The listings are flowing everywhere already, referral fees and other models are developing regardless and the main issue now is effectiveness and cost and not who is providing what service.  Perhaps the litigation bought some time for a variety of competitors but I think the more likely conclusion is that the market just found the solutions around the litigation, making it irrelevant enough that a settlement could be crafted.

Even as the litigation dragged on, the markets – in this case the market for dissemination of listings – adapted, evolved and found their own solution.

Commentary’s been pretty consistent across the web … the only item I’ve noticed different was a brief discussion of divorced commissions, which had nothing whatsoever to do with the case. That’s been the most amazing aspect of this case – folks twisting the very, very basic premise and purpose to fit whatever they’re personal beef may be.

[tags]NAR, DOJ, Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

0 Comments

  • Ann Cummings 9 years ago

    I had read a few other posts on this settlement, and each time found myself thinking it’s just a shame it took all this time and money to arrive at what they did when they did.

    Yep, ‘the markets work’, just as they always have and always will. Perhaps now the government will get on to something a tad bit more important and more productive….. ya think that’ll happen???

  • Jay Thompson 9 years ago

    “the only item I’ve noticed different was a brief discussion of divorced commissions, which had nothing whatsoever to do with the case.”

    Shocking.

  • Kristal Kraft 9 years ago

    It was our government dollars hard at work.
    Not.

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